How is the Yeast Probiotic Ingredient For Animal Market Poised for Growth: Trends and Opportunities Through 2034
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How has the yeast probiotic ingredient for animal market grown in recent years?
In recent years, the market size for yeast probiotic ingredients for animals has seen significant growth. The market, which will be valued at $6.08 billion in 2024, is projected to rise to $6.7 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.2%. The growth in the past can be credited to a number of factors, including the recognition of the benefits of probiotics, increasing concerns over antibiotics, research and development efforts, industry adoption and validation, as well as regulatory backing and approvals.
How is the yeast probiotic ingredient for animal market size expected to evolve during the forecast period?
Anticipated to experience swift expansion in the coming years, the yeast probiotic ingredients for animal market is projected to reach $10.32 billion in 2029, growing at a compound annual growth rate (CAGR) of 11.4%. The impending rise during the forecast years can be attributed to comprehensive market penetration in emerging regions, substantial investments in research and development, consumer inclination towards natural products, supportive regulations and guidelines, and the enlargement of livestock production. Some of the major trends insight for the forecast period include the rising demand for alternatives to antibiotics, emphasis on livestock’s intestinal health, changes in regulations and conformance, increasing demand for natural feed supplements, and growth in livestock production.
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Which key drivers are propelling the yeast probiotic ingredient for animal market’s growth?
The yeast probiotics for animal market is anticipated to grow due to increasing demand for eggs and poultry meat. Poultry meat constitutes the edible parts of domesticated bird species like chicken, turkey, duck, geese, Japanese quail, and guinea fowl. These probiotics act as additives in poultry feed, and they help keep the poultry animals free from diseases while also enhancing their immunity, thereby boosting egg and meat production. For example, the United States Department of Agriculture (USDA), a US-based federal agency responsible for the supervision of agriculture, food, and rural development, reported in April 2023 that chicken meat consumption had risen from 17,164 metric tons in 2021 to 17,674 metric tons in 2022. Consequently, the growing demand for eggs and poultry meat contributes to the expansion of the yeast probiotics for animal market.
What are the market segments in the yeast probiotic ingredient for animal industry?
The yeast probiotic ingredient for animal market covered in this report is segmented –
1) By Product Type: Live, Spent, Yeast Derivatives
2) By Genus: Saccharomyces Spp, Kluyveromyces Spp, Other Genera
3) By Livestock: Ruminants, Poultry, Swine, Aquatic Animals, Pets, Equine
Subsegments:
1) By Live: Probiotic Live Yeast Cultures, Fermented Live Yeast
2) By Spent: Dried Spent Yeast, Liquid Spent Yeast
3) By Yeast Derivatives: Yeast Extracts, Yeast Beta-Glucans, Yeast Cell Walls
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Which leading companies are shaping the growth of the yeast probiotic ingredient for animal market?
Major companies operating in the yeast probiotic ingredient for animal market include Chr. Hansen A/S, Koninklijke DSM N V, DuPont de Nemours Inc., Evonik Industries AG, Novozymes A/S, Lallemand Inc., Kemin Industries Inc., Kerry Group PLC, BASF SE, Macco Organiques Inc., Impextraco NV, Lesaffre, Alltech, Provita Eurotech Ltd., BioResource International Inc., Bio-Vet Inc., BioZyme Inc., Diamond V, Novus International Inc., Pure Cultures, Vetanco, Zinpro Corporation
What key trends are currently impacting the yeast probiotic ingredient for animal market’s development?
The primary trend gaining traction in the yeast probiotic ingredient for animal market is product innovation. Notably, top players in the swine feed probiotic yeast market are centering their efforts on enhancing the efficiency of feed use for the probiotic yeast developed for swine feed. For instance, in January 2023, Phileo by Lesaffre, a French company offering animal welfare and performance solutions based on live yeasts, bacteria, and yeast products, launched the Actisaf Sc 47 HR+ probiotic yeast for swine and poultry feed. The distinctive microspherule shape of Actisaf Sc 47 HR+ was designed to inherently handle combined temperature, friction, and moisture in pelleting feed without the need for any coating of foreign material.
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Which geographic areas are influencing the growth of the yeast probiotic ingredient for animal market?
North America was the largest region in the yeast probiotic ingredient for animal market in 2024. The regions covered in the yeast probiotic ingredient for animal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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